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$1,500,000
Available - For Sale
Listing ID: X9515918
Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). This presents a compelling opportunity to acquire investment real estate. Floorplan in attachment.
Price $1,500,000
Taxes: $33,504
Occupancy by: Owner
Address: 940 MONTREAL Rd , Overbook - Castleheights and Area, K1K 4E5, Ontario
Postal Code: K1K 4E5
Province/State: Ontario
Legal Description: PART LOT 23 CONCESSION 1 OTTAWA FRONT GL
Lot Size: 79.44 x 157.72 (Feet)
Directions/Cross Streets: At tghe intersection of Montreal road and Hochelaga St.
Zoning: AM10
Category: Retail
Total Area: 3,600
Retail Area: 3600
Gross Income/Sales: $99600
Net Income Before Debt: $57876
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

940 MONTREAL Rd , Overbook - Castleheights and Area, K1K 4E5, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Ottawa
Municipality: Overbook - Castleheights and Area
Neighbourhood: 3505 - Carson Meadows
Style:
Lot Size: 79.44 x 157.72(Feet)
Approximate Age:
Tax: $33,504
Maintenance Fee: $0
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